Yes, the one in your picture is very similar to the one at that quarry.
What's striking is the equal angles between the grooves from the central axis, it can probably be assumed that the rotational rate of the bit would be fairly constant and I think it would be safe to say that the bit is wandering, question is is it wandering from the axis in a random fashion or is it wandering at a fixed rate ie: oscillating either side of the axis.
The whole thing seems to suggest the latter?
Lozz.